Welcome to Friendly Finance, where flexibility in financial solutions meets fast and friendly service! 

Whether you need instant access to cash, personal loans, or debt consolidation options, our streamlined application process provides you the support you need without delay. Check out our range of tailored lending options today and you’ll surely find a solution that best fits your unique financial situation.

To ensure a seamless loan application process here at Friendly Finance, please make sure you meet the minimum eligibility requirements. This includes the following:

✅Be an Australian citizen or a registered resident of the country

✅Have an Australian home address

✅Have a contact number or email address

✅Have a valid form of ID

✅Currently employed or earning at least $350 per week

✅Derive more than 50% of your income from sources other than Centrelink

✅Be willing to undergo a credit check (Bear in mind, there are many lenders who provide loans to individuals with bad credit)

✅Have proof of income (payslips, bank statements)

If you answered ‘Yes’ to all, you can start filling out our application form!

Our loan application process is quick and easy as ONE, TWO, THREE. 
Simply follow the guidelines below.

ONE

FILL OUT OUR FORM

The lenders in our panel will require supporting documents to verify the details you include in your loan application. What you will need to prepare are:

• Official form of ID
• Proof of address
• Proof of income (payslips, bank statements, income statements)

Friendly Finance loan application form will require you to provide the following details:

• Personal details
• Contact information
• Income information
• We’ll also need to retrieve a read-only copy of your recent bank statement data

TWO

WAIT FOR A DECISION

Our application process will not take more than 5-minutes to accomplish. Once we receive your application, we will search the market for your lender match and you will be notified immediately when they decide that they can offer you a loan. 

If matched, you will be redirected to the lenders website to finalise your application. The lender may need to also contact you by telephone and email.

If your application is denied, we will also let you know so you can make other necessary financial arrangements.

But rest assured that Friendly Finance will only match you with a lender that has a realistic chance of approving your loan application.

THREE

REVIEW YOUR CONTRACT

When the lender extends a loan offer, make sure you review it thoroughly before accepting. Pay close attention to particular areas such as fees and changes that might not have been mentioned in the initial contract, your repayment schedule, and the terms and conditions. 

If you are happy with the agreement, simply sign the contract and wait for your money to be disbursed.

In some cases, the lender may request for further information and documentation. So, to avoid payout delays, make sure you are easily reachable. Once everything is in order with your application, the lender may disburse funds immediately and it can be in your account the same day. Depending on your banking institution, payments may take longer.

When you use Friendly Finance, we deliver your loan request to our comprehensive network of reputable and trustworthy lenders in Australia. And the best part about our service is that you only need to fill-out one application form.

With Friendly Finance, we help you save the time and effort you usually need when you reach out to different lenders separately. After submitting your application, you’ll receive a loan match decision within a few minutes. The final loan decision will depend on the lender’s processes, but can often be approved the same day. And depending on your bank, you may even get the money in your account within the hour after it is approved. 

Convenience and Accessibility

One of the primary features of online loans in Australia is their accessibility. Through Friendly Finance, applicants can complete the entire loan process from the comfort of their home or on-the-go using a mobile device. This is particularly beneficial for those living in remote areas or for individuals with busy schedules who may find it challenging to visit a bank during regular business hours.

Rapid Processing and Disbursement

Here at Friendly Finance, we aim to provide online loans that have quick processing times. Most lenders in our panel offer decisions within the same day and if approved, funds can disbursed the same day in some instances. The time it takes to receive your funds will depend on your banking institution. This rapid turnaround is crucial for emergencies or when immediate cash is needed.

Flexible Loan Amounts and Terms

Our panel of lenders typically offer a range of loan amounts, from small micro-loans to larger sums, suitable for bigger financial needs. Repayment terms are also flexible, allowing borrowers to choose a schedule that best fits their financial situation, which can help in managing their budget more effectively​.

Minimal Paperwork

The need for physical paperwork is significantly reduced with Friendly Finance online loans. Most of the time, all necessary documents can be submitted online. This streamlined process not only speeds up the application process but also simplifies it, making it less daunting for many borrowers.

Transparent Fees and Conditions

Reading and understanding the fine print in your loan agreement is very important before agreeing to sign up for a loan. At Friendly Finance, you won’t need to worry about hidden fees and charges as our panel of lenders are known for their transparency. We make sure that you will be well aware of any other associated fees included in your loan before the agreement is signed.

Loans that are $2,000 or smaller should come with 0% interest but incur a 20% one-off establishment fee as well as a 4% monthly fee. These are the maximum allowable charges by law on loans up to $2,000 in Australia. Some lenders may reduce their establishment and monthly fees to make their packages more enticing.

If you apply for a personal loan amount to $2,001 and above, your fee structure is going to look a little different than that of small amount loans. You will most likely pay an establishment fee of $400 and then an APR (Annual Percentage Rate) interest of up to 48%. 

Possible additional charges may include but are not limited to the following:

• Early settlement penalty
• Late payment penalty
• Collection fees if the lender has to hire a debt collector to recover funds

Important note: Make sure to always read your loan agreement thoroughly before signing the contract. It is crucial for you, as a borrower, to understand all the charges included in the loan you are applying for. 

Reputable Lender Panel

Here at Friendly Finance, we pride ourselves with the quality of lenders included in our network as they are known to have a good reputation both in the type of service they provide and how trustworthy they are as a lender. 

Nonetheless, we still encourage our customers to do their due diligence before signing their loan agreement. In this way, disputes will be avoided and miscommunication will not be the cause of delay when trying to acquire for your loan.

Remember that a reputable and legitimate lender will always have a valid credit license in Australia; this is referred to as an Australian Credit Licence (or ACL) and it should always be displayed on their website. Aside from this, they make their contact details readily available on their website. Make sure that there is a way to call the lender and chat directly with them. Checking the online reviews can also be a great way to determine if the lender is reputable or not. Visit their social media pages and read feedback on review websites to know who you are getting into a financial agreement with before signing your contract.